Business and Finance at the OECD reposted this
🆕 #EconomicOutlook | OECD GDP growth projections for 2025: World 3.3 % India 6.9% Indonesia 5.2% China 4.7% Russia 1.1 % Türkiye 2.6% G20 3.3% Brazil 2.3% Spain 2.3% United States 2.4% Korea 2.1% Mexico 1.2% Canada 2.0% Australia 1.9% France 0.9% Saudi Arabia 3.6% South Africa 1.5% United Kingdom 1.7 % Euro area 1.3% Italy 0.9% Germany 0.7% Japan 1.5% Argentina 3.6% Access report in full: https://oe.cd/EO-Dec24
Managing Director at Mithra Capital Advisors Limited
10hIf these predicted growth numbers are to be believed the UK will hardly meet the targets that were cited as being necessary to sustain the public services that have been promised. It means that taxation revenue from higher growth promised will not suffice and perhaps the PM was unwilling to confirm the Chancellor's statement she will not tax business more. Unless the NWF mobilises billions of infrastructure investments and soon growth will all but be a pipedream. The NWF funding is a constraint since it is not a normal wealth fund fed with natural resource exports like in Norway. Cannot pin all the hopes on the NWF to be the answer. The problems of low productivity and increased investment by institutional investors needs more than talk and meetings. Has the OECD not been well informed about the investment pipeline? The predictions need to challenged if too low.